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. if the leadership wants to make sure i would vote for this debt ceiling increase, they could achieve the rains act to it, which my predecessor geoff davis got passed through the house. let's stake that on this and send it to the senate and say this is a reasonable proposal, it's going to help the economy. >> we need to start to wrap up. we can take maybe a couple more questions. in the back. >> following up on that, whether a budget comes out first from the house or senate this spring, will you seek to strip out funding for planned parenthood? >> i will but that would be in the propings process. there have been two bills introduced by two congresswomen in the house and they'll still be -- there'll still be an effort. mike pence is now governor of indiana so there'll be a continued effort. you would think out of a $3.7 trillion budget we could find somewhere to cut an certainly that's one good place to start. >> if any finalized budget does include funding for that, will you support it or vote against it? >> there's two things going on. the budget doesn't specify much of anything except numbers on
're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i think at a minimum they have to tie it back to getting a budget at the senate, that begins the conversation. >> greta: it seems to me one of the large problems that small businesses have, correct me if i'm wrong, there's no certainty because congress and the president never make up their mind and they bring everything to the brink and pass something for three months. you don't no he what's going to happen with our tax structure or the debt ceiling. am i right? they don't sit down and make a decision that the lack of impact to make decisions in your business. >> one thing is a lack of certainty and the things we're certain of for small businesses, and hate to keep beating a dead horse, president obama is one of the job killers in america. and small businesses are going to do eve
will be that debt ceiling vote tomorrow the first of many fiscal issues to be tackled in this new term. >> reporter: let the games begin. mike emanuel, thank you very much. what is the likelihood of a senate budget resolution. coming up minutes from now we'll speak to one senator who filed a balanced budget amendment today, republican senator mike lee of utah joins us. jon: an extreme weather alert for you with a nor easter on the way to the northeast that could bring maybe a foot of snow or more to some spots, as arctic air grips a big chunk of the country sending temperatures plunging into the single digits and windchills dropping to way below zero. maria molina live in the fox weather center. nasty stuff out there maria. >> reporter: yeah, jon we have a possible storm on friday across the northeast that will be bumping some snow. we have to deal with lake-effect-snow downward of the great lakes, that could produce one to three feet of snow. cleveland could see about a foot of it with lake-effect-snow warnings in effect. what sets the stage for the no effect is cold air mass from canada which has
of representatives faces a vote to increase america's debt ceiling. pending legislation raises the debt ceiling by roughly $300 billion to $400 billion. what protection does america get in return? are there any spending cuts? no. are there policies that spur economic growth in resulting revenue increases? no. does this proposal help fix in any way the trillion dollar deficits that threaten america with financial ruin? no. mr. speaker, i can only speak for me. i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem of deficits and accumulated debt that force debt ceiling votes and risk america's future. i will not vote to raise the debt ceiling unless first congress passes a substantive balanced budget constitutional amendment that solves the debt problem for future generations or, second, we implement sizable spanneding cuts that help get our financial affairs in order. i take this stance full well knowing the adverse economic effects of a failure to raise the debt ceiling, but also knowing, mr. speaker, that those affects pale in comparison t
one is the debt limit. we learned on monday that the house will vote tomorrow on raising the debt ceiling for a period of three months, and the republicans have made a big concession. they had their dance and took a moment to savor the scene. now it's time to get back to work. in his inaugural speech, the president called on both parties not to let politics get in the way of governing. >> we must act knowing that our work will be imperfect. we must act knowing that today's victories will be only partial. >> reporter: so republicans are offering a compromise on the debt ceiling. house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they haven'
to the front line. that is the capitol. we have the latest as the house prepares for a vote on the debt ceiling. david: congress heading back to work today following the president's inauguration speech yesterday which a lot of the members of the republican party saw as a poke in the eye to them. >> the first order of business for congress, the looming debt ceiling. rich edson live on capitol hill. hi, rich. >> hey, lauren, we'll get that vote tomorrow in the house to extend the debt ceiling to the middle of may. when it comes to a longer term debt solution, longer-term debt ceiling solution and when it comes to taxes and spending the parties are far apart as they always been a day of a the president's inauguration and one which both parties have a very different take on the president's address. >> people can criticize president obama about a lot of things but not his ability to communicate and i think he communicated to the american people a message of hope, a message of action, and i liked it very much. i, we should move past the name-calling phase. >> one thing was pretty clear from the p
. >>> raze cline, my friend, there is a vote on the debt ceiling tomorrow, and i want to know -- >> there is? >> did you know? what's your over and under on that? >> i think it will probably pass unless boehner is going to get badly humiliated again. i was shocked by what they did. in the textbook of what they're doing, they are not lifting the debt ceiling. they are putting into the bill that instead of lifting the debt ceiling, we are suspending it, so we are saying that for this period of three months the debt ceiling gets no higher, it just does not apply. it has magically vanished. we live in a sane political world in which we no longer have a debt ceiling. in addition to basically saying we don't have enough sort of leverage on this to fight on it, they have also set the precedent of you know what we can do, make the debt ceiling disappear, and then nobody has to vote on raising it. i think they should do that for a little bit longer. like forever. >> it is smoke and mirrors. i really don't think the world republican necessarily applies to many of the members in the house republican ca
decided not to use the debt ceiling as a bargaining chip in the fight to cut spending the the vote including a provision requiring congress to approve budgets and withholding pay for lawmakers until that happens. urn the legislation, they suspend the debt ceiling through may 18th, and congress raises the by whatever debt was incurred at the time. i don't know how you do that. just expand the ceiling. just not going to pay the credit cards. we don't care. meanwhile, as the dead line approaches, there's a chance the tax refund could be at risk. joining me is the managing direct for wealth health financial planning. rich, great to have you on the show. here's the deal. so congress has enough money to go through february 15th, mid february, about the time everybody starts trying to get the tax refunds. they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt ceiling, allow for, you know, lenders to get paid both, you know, people ho
including raising the debt ceiling, which the house expected to vote on tomorrow. in the inaugural address, he made history as the first president to mention the word "gay" and "gay rights." >> if we are truly created equal surely the love we commit to one another mutt be -- must be equal, as well. >> there will be one more party tonight, the obamas and friends celebrate with campaign and white house staffers at inaugural ball where supposedly lady gaga is performing. >> the president is sworn in on two bibles one from martin luther king and the other from abraham lincoln. traffic and weather, together, next on the abc7 morning news. here is the golden gate bridge, dry as a bone. but maybe, maybe, maybe there is rain in the forecast. >> and a deal to sell sacramento kings so they can move to seattle. the ripple effect that >> welcome back, almost everyone is just a bit warmer than yesterday so we do not have as frost. 32 at concord and fairfield is 31. upper 30's around the bay to 40 in oak and 47 in san francisco. this afternoon, low-to-mid 60's with filtered sunshine because of the high
getting word that as expected the house will vote on the debt ceiling limit for another few months, pushing it back to may 19. the report on this possibility yesterday in washington for the inauguration, this this might be a face-saving gesture on the part of republicans to gather their duffs and buy some time with a president who at least for the time being is more popular than they. what do you make of the timing of this vote? -- and what they will gain? >> i think the republicans were concerned about public perception of them not doing anything and i think it's a bad idea. i mean, i think this kicks the can down the road. move people say, we want a solution today. we don't want to keep having this conversation. every couple of months, we talk about the debt ceiling, what good is a ceiling if you keep raising it and you don't make spending cuts to keep yourself under that number? it has no purpose. >> neil: i want to take a look at the corner of wall and broad. many argue the reason why it was up 62 points is the fact that, whew -- it's a relief they won't bring this to the brink
the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity for us, because in our budget that we will pass, we will have tax reform which many of my republicans like but it will include revenue. >> the increase will likely happen tomorrow. >>> one other provision of the debt limit vote is either chamber of congress fails to pass it, the members will not get paid till they either pass a budget or until the 113th congress expires at the end of 2014. >>> the big question for football fans around here is, are you going to the super bowl? >> for most, the
a meeting today on the debt ceiling. they are taking a look at how the past has voted to raise the limit. the committee is examining the constitution to see if it provides options for the president when the deal is reached. tomorrow, the house will vote on increasing the debt ceiling so the u.s. can pay its bills through may. if congress approves, pressure falls on senate democrats to pass their first budget in four years. without one there could be a partial government shut down at the end of march. congressman mike honda is making a pitch. i will explain his proposal when i see you next. back to you. >> thank you. >>> great economic news just coming in right now. u.s. home sales rose to a five- year high last year. that should bode well for the markets. dow jones is down a little bit. right now, the nasdaq also down, but the s&p s&p, posting a little bit of a -- but the s&p posting a little bit of a gain. >>> >>> a young girl is dead, several others injured after a strong earthquake rocked western indonesia. the 5.9 quake struck in the area prove vern overnight. the aftershock came abo
in less than an hour. >> expected to tee off a vote on the debt ceiling bill. what's their new plan? we'll go live to washington next, and even with the immediate threat of the debt ceiling ahead, another's contrarian view coming up. >> chip murky's quarterly result are due out now. those numbers coming up as we continue on the "closing bell." . ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> all right. they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming
are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit reduction. so the use of the debt ceiling for the purpose that is ascribed to this one does not have a history that supports its use for this purpose. and so to the extent that you have the ability to look at this issue, i would urge that this is not only a dangerous precedent but a very likely problem for the economy when we need to emphasize economic growth and jobs. so i say that in a somewhat sober way because of what happened before. thank you. >> thank you very much. i'd like to welcome mr. brady, former chairman of the house administration committee, who's joining us today and our new chairman -- chairwoman candice miller, will be recognized at this time. chairwoman. >> thank you, mr. chairman. and i also am delighted to see you sitting in the seat there and welcome to the new members of
are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house is expected to approve the debt limit increase tomorrow. susan mcginnis, cbs news, washington. >>> today is the 40th anniversary of the supreme court ruling that legalized abortion. in 1973 the roe v. wade decision said a woman has the right to abort a pregnancy setting off a national debate. today a pro choice group will hold a rally and walk in los altos, a demonstration against female enslavement at cit
as a matter of fact on wednesday. they are going to vote on increasing the nation's borrowing limit the debt ceiling as it is called. okay wednesday they are going to do that vote. the senate pass a budget with spending cuts in it. that is when the kum ba yah the happy talk here on capitol hill may go back to a little more firstier talk. shep? mike emanuel on the hill tonight. perspective what lies ahead for president and the congress. dana perino the white house press secretary for president george w. bush. that's coming up from the journalists of fox news on this monday fox report from the nation's capitol. inauguration night. martin luther king jr. day. it's great to have you with us. just like that. right in the old bucket. good toss! see that's much better! that was good. you had your shoulder pointed, you kept your eyes on your target. let's do it again -- watch me. just like that one... [ male announcer ] the durability of the volkswagen passat. pa down something he will be grateful for. good arm. that's the power of german engineering. ♪ back to you. [ bop ] [ bop ] [ bop ] you can
the republicans were down and out. think again, the house will vote for a three-month ceiling on the debt seen and comes with a price. g.o.p. leaders said they would vote for the extension, but that the measure would also require the democratic controlled senate to pass a budget and if ne do ththey fail that, pay for lawmakers will be withheld. and we've got to look at the house and spending problem. no budget, no pay. joining me now with reaction. congressman david schweiker and walldon. i was skeptical when i heard the republicans are giving in already. i had a couple of discussions this weekend, and some of your colleagues, explain the rational. number within, they say sequestration that's cuts are going into effect and force the president and senate to come one a budget and the senate didn't pass a budget in three and a half years. i liked it more when it was explained to me. is that about right. >> i think it is, sean and about time the senate did the legal responsibility of passing the budget we passed one each the last two years we'ven been in the majority. the ryan plan laid out how to
term. >> the house is getting set to vote on the republican debt ceiling proposal tomorrow. that delays the debt ceiling increase or increases the debt ceiling really until may 19th. it is contingent upon both houses of congress passing a budget or members of congress won't receive their paychecks, something the house votes on tomorrow. back to you. ashley: rich edson in d.c.. rich, thanks very much. tracy: well, president obama touched on many subjects in his inaugural address yesterday including immigration reforms, equal pay for women, and gay rights and climate change but there was one big, glaring omission. he failed to address the nation's current 7.8% unemployment rate. i'm not really sure how you could miss that actually. a big question to the speechwriters with that one. but important milestones coming up in the protracted fiscal negotiations including big vote tomorrow on the house to temporarily extend the debt ceiling now. many americans are wondering what legislators plan to do about jobs. joining us from both sides of the aisle, republican congressman trey gowdy from south
's debt ceiling through may 19. that vote is set for tomorrow. congressman paul ryan, last year's republican vice presidential nominee, said today republicans want to shift the focus to enacting a budget, with major spending cuts. the senate is going on four years now for not having passed a budget. we think this gives us the time we need in this nation to have a good, thorough vigorous and honest debate about what it takes to get our fiscal house in order and about how to budget. families budget. businesses budget. our federal government should budget. >> ifill: the bill also says if lawmakers don't enact a budget with spending cuts, they won't be paid. in the senate, democratic majority leader harry reid declined to comment on that provision, but he did say that, in general, he welcomes the house move. >> i'm very glad that they sent us up a clean... they're going to send us a clean debt ceiling bill. the other stuff on it will athat when we need to. i'm glad we're not facing crisis here in a matter of a few days. >> sreenivasan: president obama said he wanted a longer-term ex
're going to have a vote to extend the debt ceiling. they say they will raise the $16.4 trillion cap enough to extend the debt ceiling to mid-may. on march 1st, you have the sequester, when the spending cuts will kick in. about $85 billion of cuts automatically to defense and domestic spending. the risk there is a drag to the gdp. on the 27th, current law on the government funding runs out that forces a drama over a continuing resolution, or you face the risk of a government shut down. on april 15th, that's the date by which the house would force congress to pass a budget or see their pay cut. the risk there, of course, is members of congress might have to go quite some time without a paycheck. tyler? >> thank you very much, eamonn. >>> the gop originally wanted to tie the debt limit raise to spending cuts. so are republicans backing down as some in their own party say or is it just a shift in tactics? scott garrett is back with us, a republican from new jersey and vice chair of the house budget committee. welcome back. great to see you again. >> good to be back with you. >> happy new year.
a bill to the floor this week, a short-term raise for the debt ceiling debate until may, and stop paying members if the senate doesn't pass a budget. how will you vote on that? >> well, look, what's good about this is at least the republicans recognize increase the debt ceiling is something we need to do. but in fact, three months is not good enough. it really is unacceptable for my opinion and i think most of the democrats, because there are plenty of opportunities for us and we should really be looking long-term how we can reduce the deficit and deal with long-term sustainability for medicare and medicaid. those are issues that we have to look at and i believe we will and we have opportunities to do that around the budget, around the sequester, of course we will have to deal with in less than, well, six weeks. and we should. the debt ceiling, we need that certainty for the markets, for our economy. we know what happened when the republicans played around with not raising the debt ceiling in august of 2011. the economy was deeply hurt. we're in a recovery and we certainly should not let
"raising the debt ceiling foo a budget to be named llter is something i prrbably wonnt be aale to votee for." reid says: "i am hopeful - cautiously optimisticc- that the 113th congress will be characteeized not by our divvsions, but by our enewed pooprrmise." but as tuesday wwre on there was a noticebale change in ttne. thune says: "we were reminded liberal agenda..boswell says (on cam): "the white house and congress will ave tt get paat their differences quickly with anothee deaadine in march on spending cuts to avoid the &pauttmatic cuts already deeaye once. in washington, ccaig bossell, fox nees." earlier we told you abbut ann effort in the legislature... to make talking on yyor &pcell-phone while driving a primary offense in maryland. maryland. and its our questionn. day.jason writes on against the law asslong asse your hands are free."" but rosemarie writes...."yes...i have been &pcut off too many times by people who are talkiig on phonns. soofar people have alot to say gooo arguments on oth sides.. go to fox-baatimore dot com and tell us what you think. you can also sound o
and texas instruments. house leaders are expected to vote tomorrow to extend the debt ceiling deadline until may 19th. the gop measure doesn't specify an amount, but would lead let the government borrow what it needs to meet its obligation for that period. the strategy shift was agreed to last week and would let republicans focus on other fiscal fights in march such as ook automatic spending cuts delayed by the deal and the potential resolution. julian callow is still with us. julian, do you take this news as a positive development for markets or are you concerned about still the prospect of a government shutdown as others are calling for once we hit some of those further deadlines? >> yeah. i think that is quite positive, really. it shows that there is some desire not to up the vote too much on the side of the house. republicans at this stage. i think it's actually very important if we think about what it means for both financial markets and for the u.s. economy. obviously, financial market conditions have improved noticeably. there's less uncertainty around. that should come through in ter
pad wasn't even invented yet. >> congressman, you're going to vote on the debt ceiling. when you make that vote most people believe it's a concession, and you have a new legislative strategy. do you believe you will be able to force a budget by april 15th? >> well, i think the american people expect a more accountable, effective and efficient government. the number one thing all elected officials to do to pass a budget, every household does it. how can you plan for the future how can you do anything the president says he wants to do about investing in the future if you don't have a budget? you can't invest for your kids' college, you can't set aside what you're going to pay for your house payment or anything. the government has to pass one and the senate has not passed one in almost four years. that has caused a lot of the debt and the uncertainty we have today. >> what's going to happen in the house that will force the senate to pass the budget. >> the first thing that will happen is we'll do a short term debt limit increase so it will go to the senate and if the
ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he is using it. part of that speech yesterday talked about taking it to the citizens and having the citizens continue being part of this process and pushing, but you know, with the debt ceiling, i think republicans were actually trying to extend an olive branch and found themselves rebuffed yesterday. if we had said pick the most controversial, divisive issues in the country right now, they are the issues that president obama chose to speak of yesterday. he's got a state of the union coming up in a couple of weeks. i would have expected that that would be a place where he laid out his agenda, his priorities, his specifics but i didn't expect it in yesterday's inaugural, but again, it's his speech, his party, can he cry if
, the most immediate problem, tomorrow the house is voting on this extended debt ceiling and this is to avoid a confrontation in the short-term, but the large ers issues remain. >> that was quite a performance saying don't go there. i got this one, and they backed away. that has been lost in the excitement over the last couple of days. it just gets kicked down the road, and can you tell from his speech yesterday that he has -- the democratic coalition is in no mood to give an inch on spending, and it remains the big problem whether you really, democrat or republican, on the budget because it was unaddressed in the last round. you can tell the republicans want to get at it. if that was a sign of compromise yesterday, it was the shortest one sentence sign that i have ever seen. so a fight is come. >> a fight is coming, and we all know that you can not do it without dealing with the main entitlements. there is no way -- >> well, that's exactly right. >> there is no way at this stage without -- >> dealing with that. in that speech he made it very clear where he said -- >> he is not going anywhere
, melissa. melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares re, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with th
, but raising the debt ceiling for a budget to be named later is to me something i probably won't be able to vote for. >> if you raised it for three months unconditionally, three months from now what principles do you stand on to keep you from raising it again? >> all republicans have been frustrated by the senate failing to pass a budget. speaker boehner's office released inknow graphic about what could have been accomplished since the last budget passed on april 29, 2009. it clouded 179 round trips to the moon. circumnavigating the globe 73 times. leading senate republicans say it's time for the senate to step up. it has been four year since the senate acted on a budget. in fact, if you believe this. many of you have ipads. ipads didn't exist the last time the senate passed a budget. >> the senate majority didn't say no but he didn't fully embrace the house deal either. >> i'm glad that they sent us up a clean -- they are going to send us a clean debt ceiling bill. the other stuff on it, we'll approach it when we need to. glad we're not facing a crisis here in a matter of a few days. >>
a bill to suspend the debt limit with a vote set for as early as wednesday. details of that legislation include this -- suspension of the debt ceiling for three months. on the 19th of may, the debt limit increases from $16.4 trillion to accommodate addional raring the treasury requires r and bills withholes the pay of lawmakers if congress fails to pass a budget by the 15th of april putting the money in escrow to comply with the 27th amendment of the constitution. joining us now is congressman gomert, vice chair of the subcommittee on crime, terrorism, and homeland security, and republican of texas. good to have you with us. first your impression before we turn to the debt limit of the president's inaugural address. >> well, lou, he started out great, quoting from the declaration from our founding documents, you know, endowed by the creator with certain inalienable rights saying that although they were self-evident, they are notself-executing as you pointed out earlier. now, as a lawyer, that sounds okay in court, you know, talking about the self-executing will or affidavit, but i'm afr
here congressional action on the debt ceiling. tonight on "special report" we are one day away from a vote on a house republican bill to increase the country's bar rowing limit for four months. one of the strings attached is a sus specific of lawmakers' pay if they do not approve a budget by april 15. the politics and the policy here. the white house is not giving te tails on how president obama plans to fulfill the promises he made in the inaugust ration speech monday. but he will get an opportunity to rule on the controversial keystone xl oil pipeline. the governor of nebraska approved the new proposed route. this is the 40th anniversary of the roe v. wade decision that legalized abortion. we will get a status report on the four-decade long battle. plus a preview of secretary clinton's testimony on benghazi tomorrow and where the survivors of the terrorist attack. "special report" from washington starts at 6:00 eastern. now back to my colleagues at "the five." ♪ ♪ >> dana: most of us know him as prince harry. in the military and at greg's house they call him captain wham. thir
the national debt ceiling. republican leaders announced today the extension lets the government continue borrowing money until may 19. the current debt ceiling-- $16.4 trillion-- could be reached as early as mid-february. the house bill does not specify a new dollar amount. it does mandate that congress approve budgets, or lawmakers won't be paid. major league baseball lost two hall of famers over the weekend. st. louis cardinals great stan musial-- "stan the man"-- died saturday at his home just outside the city. he played 22 years, helping the cards win three world series titles in the 1940's. he was widely regarded as one of game's greatest hitters ever. stan musial was 92 years old. also saturday, former baltimore orioles manager earl weaver passed away, during a caribbean cruise. weaver won the world series in 1970, and took his teams to three others. along the way, he gained fame for his fiery, in-your-face confrontations with umpires. he was ejected from games 91 times over 17 seasons. earl weaver was 82 years old. >> brown: finally tonight, a closing reflection on the inauguratio
this debt ceiling bill that will be voted on in the house tomorrow, martha. martha: on the face of it, it appears if you're not doing your job you really shouldn't be paid for it. they haven't done the job when it comes to a budget for four years now. republicans do appear to be suspicious of this plan, why? >> reporter: democrats have been setting very strong signals they want more tax increases or at least revenue enhancements through closing loopholes and deductions. majority leader cantor responded to that yesterday. listen up. >> well, you know i fundamentally disagree. i don't think most americans would say to give more money to washington to have washington spend their money is a way to help anybody. >> reporter: also yesterday, the president strongly defended social security, medicare and medicaid and with anp a parent jab at his defeated opponent mitt romney said those entitlement do not make us a nation of takers. republicans have long-held those entitlements are on the road to insolvency unless they are fundamentally restructured. martha. martha: doug, thank you. doug mckel
their lives around. rich: the house tomorrow will vote to extend the debt ceiling to may 19, as long as the senate and house both pass a budget. if not, this bill prescribes that it gets held back is not. dagen: thank you. president obama mentioned just about everything from gun control to climate change in his inaugural address. one thing was almost missing, though. jobs. joining us with more is steve moore. he laid out his agenda, a whole host of things. why not focus on jobs. does he think that this recovery is so on track that jobless rate will continue to fall, steve? >> i was struck by that also. in the whole speech, he did not talk about jobs. he did not talk about private business and entrepreneurs. it was a very pro-government speech. the president has a big challenge ahead. we still have a near 8% unemployment rate in this country, chipolte, over the last four years of this suppose it recovery. i do not think he mentioned the word jobs in that entire speech. dagen: three times. we did a quick count. >> i stand corrected. dagen: if you go through the list of things that he c
at a point of such indebtedness that it is equally as irresponsible to extend the debt ceiling without significant reductions in federal spending. i voted against an increase to the debt limit two years ago and intend to vote against another increase unless we substantially change the way that government does business by reducing federal spending. in addition to it being alleged that it's irresponsible not to raise the debt ceiling, sometimes it's suggested that it's not compassionate to not spend money. where is the compassion in spending money that we don't have that's being borrowed and will have to be repaid by future generations of americans, kids and grandkids? our country is facing enormous fiscal challenges that if left unchecked will have a disastrous impact on the future of our nation. the simple truth is that government is spending more than it's taking in, and this pattern must not, cannot in fact continue. during the last two years alone the government has spent more than $7.3 trillion and increased the nation's debt by more than $3.2 trillion. we didn't get into this situ
as a mother to in july enjoy house lawmakers may vote as soon as tomorrow to suspend the u-s debt limit for another four months. the current debt ceiling is 16 - point -four trillion dollars. that's how much the government is authorized to borrow. the treasury department expects to exhaust that authority sometime between mid-february and early march. house republican leaders want to suspend the debt limit through may 19th and focus on other fiscal issues. including the automatic spending cuts due to go into effect on march first. investigators from the national transportation safety boaqrd will conduct more tests today to determine what caused the problems that led to the grounding of boeing's 7-8-7 dreamline planes. the planes were grounded last week after two incidents involving batteries aboard the airliners. including a fire in an empty japan airlines 7-8-7 in boston. u-s-a today reports the n-t-s-b investigators will be looking at the battery charger and other electronics in an attempt to find out what went wrong. today is the 40th anniversary of "roe-v-wade". the landmark supreme
in the senate are on board with it. they are talking about it regarding the debt ceiling when i see you next, kyla campbell, ktvu channel 2 morning news. >> on our website as well, www.ktvu.com. >> i'll take that, including beyonce, she sang the national an them. >>> they are hoping to be led to the suspect involved in the robbery. three people were able to escape from the store after the shooting from the bullet proof glass. >>> they are deciding whether to approve a consulting contract for bradden. they don't like that he stopped to frisk tactics. but in a letter, they praised him and they said racial profiling will not be tolerated. if approved they will pay his consulting firm $200,000. >>> they set off a hollywood bidding war. the movie called fruit veil, they are now all bidding for the film and the drama was written by newcomer ryan cougeller, and it chronicles the shooting from four years ago on the bart station. >>> they will put bike stations around marin and riders could borrow them for short trips. the first bike program will start this summer with stations from san francisco to
, is to talk about a vote that the house republicans are going to take tomorrow to raise the debt ceiling temporarily for three months. and what he informed his caucus about, just in the last hour and a half, is that they are going to write a budget that tries to balance the budget in ten years. that is going to mean massive cuts across the board from the perspective of republicans, but that's how he hopes to get conservatives to agree to raise the debt ceiling temporarily. >> he's got his own problems, as well as speaker. not an easy job. we'll stand by to hear what he says. dana, thank. so what exactly did the president say that raised so much republican ire? kate balduan is here. she's got more on this part of the story. >> yeah, wolf, as you and i know, he used some pretty broad strokes in his inaugural speech to paint a blueprint on major issues he hopes to focus on facing the country. all controversial in trying to get republicans on board. cnn's chief white house correspondent, jessica yellin, is here with more details. jessica, what's the latest on the president's second-term agen
in the debt ceiling that's been proposed by house republicans. the move to extend the nation's borrowing limit for three months is set to come to a vote tomorrow. and that news has reassured markets that the risk is fading that the u.s. will default on its debt for the first time in its history. darren gersh reports. >> reporter: house speaker john boehner said republicans were willing to suspend the debt ceiling for three months. sending democrats to act. >> it has been nearly four years since the senate has done a budget. most americans believe you don't do your job, you shouldn't get paid. that's the basis. no budget; no pay. it is time for the senate to act. >> reporter: the white house called the move by house republicans "significant," though the administration still argues a short-term extension of borrowing authority does not go far enough. >> what we support is a long- term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses or the global economy about the simple proposition that the united states always pays its bills. >> reporter: at a house hea
. this in preparation for tomorrow's vote on raising the debt ceiling. i don't know anyone who would necessarily be against congress going without pay at this point. chuck schumer said a budget is in the works, but it disease include a plan to raise taxes. there were two other unscripted memorable moments from yesterday's inauguration. first malia obama making funny faces. and al roker declaring victory, dropping the mic and then getting joe biden to jog over and shake his hand. there is a lot of speculation that the veep is gearing up for 2016, by accidentally announcing he was president instead of vice president. iowa new hampshire, of course a early voting state. we'll be back with more show charlie pierce, right-wing world right after the break. ♪ arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. but it's also about telling them, you're put on this planet for something more. i want this show to have an impact beyond just informing. an impact that gets people to take action themselves. as a human being, that's
. house republicans suspend measure to suspend debt ceiling. until mid may setting the stage for a floor vote as soon as wednesday. they write that the house rules committee posted text of the legislation as washington prepared for president obama's second inauguration. the bill would withhold members' pay if congress fails to pass a budget by april 15. they will hold an emergency meeting to discuss legislation tuesday setting up a vote as soon as wednesday on the house floor. angus is in rose dale, new york on our republican line. go ahead. caller: good evening. i'm sorry. it is agnes. first of all, i would like to thank c-span for giving us such excellent coverage as usual and yes, i am african-american and yes, i am a republican and my parents were republicans and we're from the south. i would like to say that -- a shout out to former president george bush and his family. i love them as well. i hope his family, his father -- they are in our prayers. i saw condoleezza rice today and she was beautiful as usual. i also would like to say that i have been in a dilemma of my party because i
, they're going to introduce their bill, vote on their bill to extend the debt ceiling for three months, give themselves a little running room, but this is a president who is going to be aggressive about his agenda. he didn't just talk over republicans, he went right after them, talking about takers, s saying that's not what social security and medicare are, a jab not only at mitt romney but paul ryan, who he will be dealing with. >> when you have a guy who has bullied you in the schoolyard for four years and you finally fight the bully and you beat them like he just did in this election, you're not as afraid of the bully as you was or at least cautious. i think they bullied this president. he went to the mat and re-elected with a wider margin than george bush and saying the bullying is over. we're either going to fight or work together. >> the problem is both sides feel like they were bullied over the past four years and they've got to figure out how to work together over the next four years. i want to talk about yesterday with you quickly and open it up. it struck me as a son of the s
to extend that debt ceiling deadline until may 19th. elsewhere, earnings reports will likely influence trades today. dupont, johnson & johnson, and ibm all report today. natalie? >> courtney regan at the new tock exchange, thank you. >>> the u.s. education department says it takes more than the standard four years for more than 20% of students to ini finish and get their deemployee mas. they credit the rise in graduation rate for the stiff competition for limited jobs. >>> an analysis of marrs' mclaughlin crater has scientists investigating new evidence that there was water on the red planet. using data from the mars reconnaissance orbiter, it may once have been a lake fed by an underground water supply. the findings are published in "nature geo science" and may push the search for ancient life on mars underground. >>> off-duty police officer in madrid is being credited as a hero this morning after rescuing a woman who fainted and fell on the city's subway tracks. the officer leaped into action and pulled the 52-year-old woman to safety. an oncoming train saw the trouble on the tracks
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